“Think global while acting local” is hard to implement, which is why a high rate of failures in

As many as 285 public parks will be built in Romania nationwide, as the Government has approved the allocation of more than EUR 50 million euros off the Environment Fund to this end, according to Borbely Laszlo, the Minister of the Environment and Forestry.

French carmaker Renault will launch two models under the Romanian Dacia brand in Europe in 2012, the company said in a press release Thursday. Renault plans to launch a family car and a light commercial vehicle under the Dacia brand.

Romanian company La Fantana posted a turnover of EUR 17 million, the same as in the previous year, with a volume of sales of almost 80 million liters of bottled water, according to the company.

The European Commission has recently approved a EUR 30 million aid scheme for Romania's farming segment, aiming to help farmers who find it hard to get loans during this period. The aid within this program is time – limited and structured as loans.

The Toro Company has purchased a plot of 3,5 hectares in Ploiesti West Park where it intends to build a manufacturing facility of 11,000 sqm that will employ approximately 100 people, once fully operational. Constructions will start in early 2011 and the facility will include production/assembly, warehouse and office space.

Telecom company Vodafone Romania has launched an option for the Chinese community in Romania, allowing customers to talk for 200 minutes to any Chinese network every month. The offer is valid for both pre-paid and post-paid Vodafone accounts.

The Palace Hall in Bucharest will host on April 9 a concert of the famous French band Gipsy Kings. The concert is part of “The Gipsy Kings World Tour 2010-2011” which started last July in Los Angeles and will end on May 7, 2011 in Budapest.

Romanian housing prices will continue to decrease slightly in the first half of the year and will stabilize in the second half, according to evaluation firm Darian. Company representatives said they expect foreclosures to continue this year, which, coupled with more relaxed financing conditions, should ease real estate transactions this year.

The Portuguese Millennium Bank has launched a new business line for Romanian clients with high incomes. The new product, named Prestige features wealth management services, individual client approach, financial planning and counseling and also includes transactional, saving, lending and insurance products, as well as tailored investment products.

Romania’s National Anticorruption Department has detained a total 97 border police and customs workers at border crossing points in western Romania suspected of corruption and smuggling. The Bucharest Court of Appeals has so far ruled in favor of the preventive arrest of 86 suspects and has yet to rule on arrest warrants for the rest.

Yilmaz Yildirimlar, the general manager of the Radisson Blu hotel in Bucharest, has been appointed district director with Rezidor for South – East Europe. He will coordinate six hotels in Romania, the Czech Republic, Slovakia and Bulgaria.